This Week In Weed – 9 September 2018

Eccentric billionaire Elon Musk has made headlines for smoking weed during an interview with Joe Rogan – hardly his biggest controversy! Towards the end of the conversation, which covered everything from Musk’s infamous flamethrowers to plans for an electric plane, the Tesla founder appeared surprised when Rogan took a joint out of a glass vial. After being assured it was legal, he took up the offer.

It was Musk’s first public appearance since he last month abandoned his bid to take Tesla private in a record £55bn deal, after the idea angered investors and led to accusations of investment fraud.

A cannabis-themed version of Airbnb has been launched, where tourists can search for places to stay around the world that will let them smoke weed.

Budandbreakfast.com calls itself “the largest collection of marijuana-friendly hotels and other cannabis-friendly rentals anywhere on the web.”

It states that it is “designed to make guests feel right at home [as] each of our bud and breakfast locations is operated by the property owners themselves, guaranteeing a custom experience unlike any other.”

Budandbreakfast.com now has listings in the US, Europe, the Caribbean and South America – and even one property in Peckham, South London.

Demand is growing for “weed weddings” in the US, reports Mail Online. “Marriage and marijuana are going hand-in-hand in a growing trend as more states legalize cannabis – and couples incorporate it into everything from bouquets to a celebratory joint at the ceremony.”

The demand for cannabis-themed celebrations took off in Colorado a few years ago. It has seen some entrepreneurs tailor their floral businesses to the demand but also to begin a cannabis wedding expos.

Attempts to throw talk down the high valuations of cannabis companies appeared to misfire on Friday as shares continued to rise, reports the Telegraph.

Stocks in cannabis companies and start-up valuations have become hot property for “amateur investors”.

The US Securities and Exchange Commission warned investors this week about the threat of scams in cannabis trading amid fears of a new bubble to rival last year’s cryptocurrency boom.

On Thursday, analysts Northland Capital downgraded shares in Tilray, a Canadian marijuana company that listed in New York in July. However, shares in Tilray continued to climb 2pc on Friday. Its share price is up 258pc this year.

Another Canadian company considered the market leader, Canopy Growth Corp, has seen its share price rise 560pc in the past 12 months to a market valuation of $15bn. The share price was up 2.5pc in early trading.